Diamonds cost US$4,900 a carat then. Today, they are US$4,200 ($5,717), which is an inflation-adjusted loss of 35%. The gold necklace I gave my wife is up 540% in real terms in that period.
My 20th wedding anniversary falls next month. We may have a big bash. I am greyer and balder, but my wife has stuck with me. It has been “so far, so good”.
I have one complaint, though. The diamond ring I got my wife years ago is worth less today than in May 2004.
